Investors are already valuing OpenAI at over $100B on the secondaries market

OpenAI valued at over $100B, funding led by Thrive Capital, with Microsoft, Nvidia, and Apple possibly involved.

: Investors are valuing OpenAI at over $100 billion on secondaries markets. Thrive Capital might lead a new funding round with $1 billion. Secondary deals suggest a valuation up to $143 billion, with revenue tracking at $2 billion by year-end. This round could boost valuations for other AI companies as well.

Investors are already valuing OpenAI at over $100 billion on secondary markets, with multiple companies noting investors’ willingness to buy shares indicating such a valuation. The primary deal in talks is reportedly led by Josh Kushner’s Thrive Capital with a $1 billion investment, and possible participation from Microsoft, Nvidia, and Apple. OpenAI was most recently valued at $86 billion in a secondary sale in September, but securities trader Rainmaker Securities has seen offers valuing the company up to $143 billion.

Caplight, a secondary data tracking platform, estimates OpenAI's worth at over $111 billion based on secondaries activity and past financing rounds. Glen Anderson, co-founder at Rainmaker Securities, said that even a $100 billion valuation could be a steal if OpenAI lives up to its potential. Co-founder Greg Martin added that while the company's valuation and revenue have rapidly risen, it’s notable that OpenAI’s revenue has surged from $0 to billions within a few years, and it’s tracking to achieve $2 billion in ARR by year-end.

Martin emphasized that valuing OpenAI is challenging but demand is high due to fear of missing out. The ongoing funding round is expected to spark more secondary activity around OpenAI and other AI competitors like Anthropic and Cohere. This surge in activity generates excitement and resets market expectations, indicating potential for further valuation increases in the AI sector.

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